Migros Ticaret A.S. (IST:MGROS)

Migros Ticaret A.S. Financials Overview

Financials in millions TRY. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	419,347	412,756	384,534	262,132	74,502	36,272
Revenue Growth	2.15%	7.34%	46.70%	251.85%	105.40%	25.99%
Gross Profit Gross Profit Growth	99,674	98,849	87,514	48,070	17,580	8,631
Operating Income Operating Income Growth	10,621	11,337	7,105	-4,186	4,831	1,976
Net Income Net Income Growth	6,781	6,467	8,298	12,747	2,570	358.88
Earnings Per Share EPS Growth	37.45	35.72	45.83	70.40	14.20	1.98
EPS Growth	-12.67%	-22.07%	-34.90%	395.93%	616.19%	-

Revenue by Geography

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Turkey Turkey Growth	424,019	417,748	387,582	265,570
Others Others Growth	321.1	421.02	1,043	951.63
Unallocated Unallocated Growth	-4,992	-5,412	-4,091	-4,389
Total Total Growth	419,347	412,756	384,534	262,132

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	28,937	27,910	29,511	18,506	8,067	3,635
Total Debt Total Debt Growth	36,541	31,802	27,613	14,828	7,455	6,080
Net Cash (Debt) Net Cash Growth	-7,604	-3,891	1,898	3,678	611.27	-2,445
Net Cash Growth	-	-	-48.39%	501.68%	-	-
Net Cash Per Share Net Cash Per Share Growth	-42.00	-21.49	10.48	20.31	3.38	-13.50

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	35,097	28,655	35,816	22,187	8,040	3,253
Capital Expenditures CapEx Growth	-12,768	-12,002	-11,447	-8,178	-2,262	-870.03
Free Cash Flow Free Cash Flow Growth	22,329	16,653	24,369	14,009	5,778	2,383
Free Cash Flow Growth	21.09%	-31.66%	73.95%	142.47%	142.41%	-5.90%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	23.77%	23.95%	22.76%	18.34%	23.60%	23.80%
Operating Margin	2.53%	2.75%	1.85%	-1.60%	6.49%	5.45%
Pretax Margin	2.25%	2.26%	2.70%	5.93%	2.56%	0.62%
Profit Margin	1.62%	1.57%	2.16%	4.86%	3.45%	0.99%
FCF Margin	5.33%	4.04%	6.34%	5.34%	7.75%	6.57%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 27, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Dividend Per Share Dividend Per Share Growth	10.494	-	9.776	6.904	2.607
Dividend Per Share Growth	-16.67%	-	41.60%	164.83%	-
Dividend Yield	1.68%	-	1.84%	2.17%	1.90%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 27, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	16.63	14.61	11.94	4.76	10.32	19.14
Forward PE	11.85	10.88	11.04	9.77	11.17	20.97
P/FCF Ratio	5.05	5.68	4.06	4.33	4.59	2.88
PS Ratio	0.27	0.23	0.26	0.23	0.36	0.19

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error